In December, the price of gold moved through a volatile uptrend but did seemingly reject at $1,819. However, a daily candle managed to close above this resistance zone on the last day of 2022, which has been followed by a continuation to the upside at the start of the new year. Although the volatile uptrend pattern appears to remain intact.
Currently, XAU/USD is...
Oil stocks usally follow natural gas and the price of oil pretty closly.
this makes sense since they sell oil and if the price of oil goes down then should the stock selling that oil.
recently this has not been true as the price of oil and Natural gas have fallen Oil companies are not falling but why??
i belive this is because of...
The chart shows the downtrend.
After breaking for the second time the support of 78, it will test 74. We will see if it bounces towards 85 or we go to 70
Technical analysis: daily time frame The RSI is bearish .
DISCLAIMER: This review is not intended to encourage the buying or selling of any particular security. Furthermore, it should not be the basis of any...
If we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
Despite the optimism around the reopening of China from COVID restrictions, oil prices remain vulnerable to fears of a global economic slowdown. The EU’s price cap at $60 per barrel while OPEC+ is expected to maintain existing production targets adds towards the bearish outlook on price.
Brent crude : Last weeks gains can be viewed as a...
Oil finished the down correction wave
Oil now preparing to go up harder than you think
Best buying area to me was in 75
So many people was thinking its going to 63 !!!!! No way
Now next monthly target to me is 110 $ then 150
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Sideways
2 📆Monthly: Bullish to corrective mode
3 📅Weekly: a clear bear trend is established with proper lower lows
4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bear
Just as anticipated, the 76.50 zone has been broken. We know that with every zone break comes a RETRACEMENT. The market-makers does this to trap traders.
Price is now preparing to plummet downwards to my 40.00 zone. I remain...
On the one hour chart, ERX ( triple energy ETF) completed a head and shoulders
and is now downtrending with a crash through the EMA 100 and EMA 200
and now one standard deviation below the VWAP. The Momentum Indicator
shows downside momentum is greater than it has been in recent months.
The inverse ETF called the ERY would be expected to be the inverse of...
Congratulation for how bought and trust my TA , and strategy .
Oil have been wild this days we need , what we need now is more confirmation.
We have to back test 78-77 area , where we deform the bullish pattern to continue up .
Target putted in red .
Accumelation 78,79 ,77
Selling is risky , you can start buying from here .
Today my target is 81.5 if...
Oil have to scenarios on is going up to 106 $ where it will form double bottom pattern . At 75 $ which is forming now .
How it fail ? Close 2 days below 75 $
Second scenario , going down as we have double top at 92 $ . Where it can reach 70 $
I believe upside worth more risk . Because it more logical and reflect the indicators as we are in over sold monthly...
Crude prices under downside pressure on the back of weaker demand outlook
The recent break below the $92 short term support level has opened up the prospects for a further decline towards a test of the September 30th lows near $84, the bearish outlook can be technically supported by the fact that current price is below its 20 and 50 day simple moving averages,...